Exam 13: Benefits and Services

Orion is a business software firm based in Atlanta that employs over 400 people.Orion has traditionally provided legislatively required benefits for its employees including Social Security,workers' compensation,and unemployment insurance.In addition,Orion offers employees health and dental insurance.Orion employees work Monday through Friday on a 9 to 5 schedule.Orion's top executives are considering the idea of adding a flexible benefits plan and implementing a flexible work schedule. Which of the following,if true,best supports the argument that Orion should offer its employees a cafeteria benefits plan?

Which of the following provides income and medical benefits to employment-related accident victims or their dependents?

________ seek to enable employees to balance their job and family responsibilities.

All of the following are true statements regarding the application of the Family and Medical Leave Act EXCEPT ________.

All of the following characterize cash balance plans EXCEPT ________.

Which of the following requires that most private employers continue to make health benefits available to terminated or retired employees and their families for a period of time?

Since leaves associated with the Family and Medical Leave Act do not require employers to pay salaries,employers are not financially affected.

Which of the following benefits is NOT classified as a type of family-friendly benefit?

Portability makes it easy for employees who leave one firm to work for another firm to take their accumulated pension funds with them.

The primary difference between health maintenance organizations and preferred provider organizations is that ________.

What are vested funds? What is the difference between cliff vesting and graded vesting?

Which of the following is a prepaid health care system that provides medical services for employees who pay a nominal fee?

Documenting employee absences,conducting exit interviews,and requiring written approval for personal leave are employer methods for controlling unemployment insurance costs.

As an HR manager,you need to control costs associated with unemployment insurance.What are some steps you can take to protect your employer from paying unemployment claims for employees who were dismissed for inadequate performance?

Anne and Martha are both accountant supervisors at a large marketing firm.Anne works from 7:00 a.m.until 12:00 p.m.each day.Martha takes over the same position at 12:00 p.m.and works until 5:00 p.m.each day.Which of the following most likely describes this type of work arrangement?

A primary benefit of 401(k)plans is that payments made by employees into the plan are pretax,so the employee pays no tax on those dollars until after he or she retires or withdraws the money.

Malcolm is interviewing for a new job and he is evaluating the quality of the pension plans offered for each company he is considering.One company offers a pension plan in which the company will make all contributions to the plan and will base his pension benefit on a formula linked to his pay at the time of retirement and the number of years he was with the firm.This pension plan is most likely classified as ________.

Why are family-friendly benefits and flexible benefits increasingly popular? Provide examples of both types of programs.

________ are groups of health care providers that contract with employers,insurance companies,or third-party payers to provide medical care services at a reduced fee.

A plan in which the employer's contribution to employees' retirement savings funds is specified is known as a ________.